SANTA BARBARA, CA--(Marketwired - October 01, 2013) - Save The World Air, Inc. (STWA) (ZERO), a developer of applied efficiency technology solutions for oil and fuel delivery systems in the multi-billion dollar global energy market, announced today that Gregg Bigger, the Company's President and Chief Financial Officer, has been elected as a member of its Board of Directors.
Since joining STWA in February 2012, Mr. Bigger has served in a variety of capacities for STWA, including overseeing the STWA engineering and design teams, organizing and negotiating terms with STWA's supply chain partners, and developing commercial opportunities with distribution partners throughout the world. On February 1st of last year Mr. Bigger was appointed Chief Financial Officer of STWA and was subsequently named the Company's President on September 6th, 2012.
"Throughout his involvement with STWA Mr. Bigger has played a crucial role in strengthening the Company's operations and consolidating our position as a world leader in the development and commercialization of energy efficiency technologies for improving the economics of oil extraction and transport," stated STWA Chairman and CEO Mr. Cecil Bond Kyte. "As the partnering opportunities and revenue potential for our AOT™ (Applied Oil Technology) oil and fuel delivery systems come into sharper focus in the multi-billion dollar global oil pipeline market, the Board and management have no doubt that Mr. Bigger's leadership can continue to deliver tremendous value to our shareholders and our Company."
Over the past two years, STWA has achieved many significant milestones during which Mr. Bigger has developed collaborative relationships with major pipeline companies, in particular with operators in North America, where the company is currently being asked by several companies to submit formal proposals with regard to AOT™ engineering, design, manufacturing, assembly and installation.
"It has been my great privilege to have a strong personal involvement with the dedicated and talented team at STWA as we work to create high value solutions for the energy industry," Mr. Bigger commented. "I thank the Board members for their vote of confidence and STWA's visionary leader Cecil Bond Kyte for the opportunity to help make a difference in the world's largest business sector."
About Save The World Air, Inc. (STWA)
STWA, Inc. develops and commercializes energy efficiency technologies that assist in meeting increasing global energy demands, improving the economics of oil extraction and transport, and reducing greenhouse gas emissions. The Company's intellectual property portfolio includes 47 domestic and international patents and patents pending, which have been developed in conjunction with and exclusively licensed from Temple University. More information including an AOT™ technology overview video and a Corporate Fact Sheet (.pdf), logos and media articles are available at: www.stwa.com.
AOT™ (Applied Oil Technology) Viscosity Reduction Systems are a suite of commercial crude oil pipeline flow assurance products designed to be installed at pipeline pump stations in the upstream, gathering and midstream sectors.
AOT™ technology reduces the viscosity of crude oil without the need for heat, chemical or polymer additives. The reduction of viscosity holds key benefits to the energy production and transportation industry. The product holds advantages over currently adopted flow assurance technologies in use around the world today.
AOT™ has been independently verified and tested by numerous third party entities such as the United States Department of Energy. Test reports and related links are available on the Company's website.
"Applied Oil Technology™," "AOT™ Midstream," "AOT™ Upstream," and "AOT™" are copyrights and registered trademarks of STWA, Inc.
Safe Harbor Statement
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.